Exhibit 10 ---------- OPTION AGREEMENT THIS OPTION AGREEMENT (this "Agreement"), dated as of the 16th day of October, 1999, between FNB CORP., a North Carolina corporation ("FNB"), and CAROLINA FINCORP, INC. a North Carolina corporation ("Carolina")....Option Agreement • November 15th, 1999 • Carolina Fincorp Inc • Savings institutions, not federally chartered • North Carolina
WITNESSETH: ---------- WHEREAS, the parties hereto have agreed that it is in their mutual best interests and in the best interests of their respective shareholders for FNB Acquisition Corp., a corporation to be organized under the laws of the State of...Merger Agreement • November 15th, 1999 • Carolina Fincorp Inc • Savings institutions, not federally chartered • North Carolina
